NBA Free Agency is well underway with players testing the market to see if they can make the most of their talent with a new team or re-sign with their old team with a new contract.

In addition, there are some trade rumors swirling that could shake up the outlook of the upcoming season.

We highlight several of the biggest moves so far, which will include players that are headed to a new team and those who will return to their old team.

Irving stays in Dallas

One of the biggest moves this past season was when Kyrie Irving joined the Dallas Mavericks all the way back in February. This move did not pan out as Dallas may have wanted, given that they missed the playoffs.

It seemed possible that Irving would not return to the Mavericks and would test free agency, but this idea was squashed when he re-signed with the Mavericks at the start of Free Agency.

He is reported to have signed a three-year/$126 million deal. This move keeps Irving paired with Luka Doncic and gives them the entire offseason to build the chemistry they need to improve on last season's disappointing result.

Boston adds a key piece

One of the biggest blockbuster trades that has been made so far this summer will see Kristaps Porzingis head to the Boston Celtics in a three-team trade.

To make this happen, Porzingis opted-in to his deal to allow the Washington Wizards to shop trade options. This trade will also include the Memphis Grizzlies and will include the following.

Boston Celtics get:

Kristaps Porzingis (via Washington)
#25 pick in the 2023 NBA Draft (via Memphis)
2024 first-round Pick (top-four protected, via Golden State)

Memphis Grizzlies get:

Marcus Smart (via Boston)

Washington Wizards get:

Tyus Jones (via Memphis)
Danilo Gallinari (via Boston)
Mike Muscala (via Boston)
#35 pick in 2023 NBA Draft (via Boston)

This trade adds a key piece to a Boston team that is already one of the best in the league. Porzingis averaged a career high 23.2 points in the 2022/2023 season and will likely be an immediate starter for the Celtics.

Now with a core of Jayson Tatum, Jaylen Brown and Porzingis, the Celtics will be thinking about a serious run to the NBA Finals after coming up short this past season.

Houston picks up two

The Houston Rockets have been terrible the past few seasons, but are looking to change that as they have reportedly signed two of their top targets in Free Agency.

One being Fred VanVleet, the former Toronto Raptors star. The Rockets signed VanFleet on a three-year/$130 million deal.

VanFleet adds a veteran presence to the struggling Rockets and heads to Houston after averaging 19.3 points per game in the 2022/2023 season.

The second notable player signed by the Rockets this summer was Dillon Brooks. While this is not as much of a headline signing as VanFleet, Brooks can add some depth to the Rockets.

Brooks, who is reported to have signed a four-year/$80 million deal, made headlines during the playoffs when he essentially was taunting LeBron James. That did not pan out for him though as the Memphis Grizzlies lost to the Los Angeles Lakers in the first round of the playoffs.

Brooks averaged 14.3 points per game last season and should have a role on his new team in Houston.

Miami stars on the move

The Miami Heat were the talk of the playoffs, and while they came up short against the Denver Nuggets, a few of their key players have used their deep run to get deals with other teams.

One of these players being Gabe Vicent, who has signed with the Los Angeles Lakers. Vincent averaged 12.6 points per game in the 2023 playoffs and recently agreed to a three-year/$33 million contract with the Lakers.

Another key piece of the Heat's Finals run was Max Strus. He has reportedly agreed to a four-year/$63 million deal that will send him to the Cleveland Cavaliers.

This deal is a sign and trade one involving the San Antonio Spurs and will include the following.

Cleveland Cavaliers get:

Max Strus

Miami Heat get:

2026 second-round pick (from Lakers, via Cavaliers)

San Antonio Spurs get:

Cedi Osman (via Cavaliers)
Lamar Stevens (via Cavaliers)
2030 second-round pick (via Cavaliers)

Review

The 2023 Free Agency has not been as exciting as it has in the past, but enough moves have been made to alter the Finals odds for teams in the upcoming season.

One move that looks likely is Damian Lillard finally getting out of Portland via a trade. However, this has yet to materialize, but is worth keeping an eye on as the summer rolls along.